GEORGETOWN, Mass.--(BUSINESS WIRE)--Georgetown Savings Bank (the “Bank”), a wholly owned subsidiary of Georgetown Bancorp, Inc. (the “Company”) (OTCBB: GTWN), recently promoted Philip J. Bryan to the position of Senior Vice President/Chief Lending Officer. In his new position, Bryan will assume responsibility for managing all aspects of the Bank’s lending activities, both Residential/Consumer and Commercial.
Bryan’s background in various areas of lending extends for over twenty years. Most recently, he has held the position of Senior Vice President/Retail Lending at the Bank. Prior to coming to the Bank, Bryan held the position of Senior Vice President/Retail and Lending at Metro Credit Union, Chelsea, MA., where he was responsible for all aspects of the customer facing departments including consumer and commercial lending, retail branches, call center, and collections. He has also held senior management positions at TD Banknorth, the former Ipswich Savings Bank, Ipswich, MA and Metro West Bank, Framingham, MA.
Mr. Robert E. Balletto, President and CEO of Georgetown Savings Bank stated, “I am extremely pleased to announce Phil’s promotion to our top lending position. With his extensive well-rounded background in community banking, including extensive expertise in retail and commercial lending, he will be an exceptional resource for the Bank and its’ customers.”
Bryan is a graduate of the University of Massachusetts, Dartmouth, MA where he earned his B.S. in Human Resource Management in 1986. Over the years, he has participated in numerous industry specific educational and professional development programs.
About Georgetown Bancorp, Inc.
Georgetown Bancorp, Inc. is the holding company for Georgetown Savings Bank. Georgetown Savings Bank, with branch offices in Georgetown, North Andover and Rowley, Massachusetts, is committed to making a positive difference in the communities we serve. We strive to deliver exceptional personal service at all times and to help each of our customers achieve their unique financial goals through a competitive array of commercial and consumer banking services. To learn more about Georgetown Savings Bank, visit www.georgetownsb.com or call 978-352-8600.
Forward-looking statements
This news release may contain certain forward-looking statements, such as statements of the Company’s or the Bank’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s or the Bank’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K.